DIVIDEND RATES.
In tha newspaper reports of investments and stocks I am sure the dividend rate on each share is ambiguous to the ordinary Tom, Dick and Harry. Take the Pukemiro Coal Company, for instance. It says the dividend is thirty-five per cent. I am game to gamble that most men and women in the street think that it means thirtv-five per cent on the market price of £3 12/6 instead of on the original share price of £1. Would it not be better for a financial statement to be presented in such a way as to show percentage on the market value of shares instead of on original shares of £1 each? EXGIXE DRIVER.
[We cannot believe that there are so many persons as our correspondent thinks whc are so ignorant of the elements of finance as to imagine that dividends are calculated on market prices. Once a week we publish in our commercial section a table showing dividend rates and rates of interest on market prices, and in special- articles we frequently call attention to the difference.—Ed.]
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Auckland Star, Volume LIX, Issue 233, 2 October 1928, Page 6
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179DIVIDEND RATES. Auckland Star, Volume LIX, Issue 233, 2 October 1928, Page 6
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